Question

When China, the world’s factory, is impacted, global supply chains are impacted:

Discuss the supply chain disruption challenges and how is COVID-19 affecting industries?

1000 word minimum.

Answer 1

Supply chain management has grown far better compared to last decade. In the past few years due to globalisation. Supply chain specialization has lead to a better experience and become good over a period of the time.

Due to the pandemic corona virus situation in China and in world countries there is a lock down going on and most the industries are closed. World economy is under recession and during this particular period of time there is no supply of required goods and services all over the world.

As there is a lock down there are no transportation facilities for transportation supplies of any kind and communication with other countries. It is difficult to even even send medical supplies and other essential supplies due to the lock down. All this are effecting the supply chain management and it's industries. Due to this disruption there are less chances that countries which need food or any requirements will not be met and trade will be effected with other countries. It will be difficult to ascertain to what extent this will the economy of every country but is for sure every country will go to the situation of 2007-8 crisis or even worse.